Property at TV: Lot Own or Lease?

[SantaClaus]

Ok, I heard a story I'm not sure is true or not. Sounds weird to me. I heard that when you buy a home at TV you own the house but are only leasing the land, for like 60 years. In all my reading I haven't even seen this "fact" hinted at, so I assume (my rather adamant) friend is completely mistaken. TIA

[MikeV]

Never heard such a thing.

[gerryann]

your friend is totally mistaken. You own the land.

[dblwyr]

Not true. You own, fee simple.

[perrjojo]

Ok, I heard a story I'm not sure is true or not. Sounds weird to me. I heard that when you buy a home at TV you own the house but are only leasing the land, for like 60 years. In all my reading I haven't even seen this "fact" hinted at, so I assume (my rather adamant) friend is completely mistaken. TIA
I heard that there really is a Santa Claus and he lives in North Carolina, not the North Pole.

[zcaveman]

Top of the World in Ocala has the lease deal.

In TV you buy you own the land.

Z

[SantaClaus]

Thanks guys. I was 98.3% sure that was the case. North Pole, North Carolina, both are too far north. Santa's eyes are set on TV!

[TheVillageChicken]

Thanks guys. I was 98.3% sure that was the case. North Pole, North Carolina, both are too far north. Santa's eyes are set on TV!

That is a pretty specific degree of certainty. I like that.

[SantaClaus]

Well... +/- 0.2% (I didn't want anyone to think I was waffling! {grin} )